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20121213
20121213
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need help. we desperately need help in the new york, new jersey area. last night two billion people around the world tuned into a benefit concert to help raise money for sand's reliefestings and now it is time for the government to step up to the place. congress has stepped up 39 times to help state and local governments to respond to disasters. there is a wisdom here that has been in the federal government for decades. that is, when god's hand strikes no localities can handle it on their own. we unite as a nation to help one another. following katrina the government passed aid following 10 days of after the storm. we passed nine fundamentals a total of $108 billion and frankly, the damage from sandy, the economic damage is worse. they lost about 270,000 homes and in new york we lost 305,000 homes. that is new york alone. they had about 20,000 small businesses, put out of business, gone. we have over 270,000. so the damage is enormous. and you know, we members of new york delegation have always been there when other parts of the nation were struck by distafters. new york tax dollars
. >>> it is 18 minutes past the hour. time for your early reads, in the "new york times," merry christmas iphone nation. google maps is back and possibly better than ever. the app is available for download with turn by turn navigation, bus and walking directions are back, along with street view. if you remember, apple replaced google maps with its own version of the app. the new software was slammed by users for warped 3-d effects and misplacing landmarks. the review in the "new york times" of the new app is fantastic. >> now you won't get lost. >> now to "usa today" and the arizona republic, they are writing about this new way drug smugglers are trying to get marijuana into the u.s. by t-shirt launcher. you know those pressurized cannons used to launch t-shirts and other things at sporting events? u.s. border control agents say they found 33 cans filled with pot on the mexican side of arizona. they were launched 500 feet over the border fence. the pot is estimated to be worth $43,000. i wonder if the new laws legalizing marijuana will reduce the creativity in smuggling? >> i imagine so. >>
that in the remarks he gave at the new york economic club recently by before thanksgiving and i think the reconciliation is that what we are learning is at least temporarily the financial crisis may have reduced somewhat the underlying potential growth rate of the u.s. economy. it is interfered with business creation and investment in tech illogical advances and so on and that can account for at least part of a somewhat slower growth. at the same time though, of course what's monetary policy influences not potential growth, not the underlying structural growth for many other different policies and things like that but monetary policy affects primarily the state of the fiscal cycle, the amount of excess unemployment for the extent of recession in the economy. there i think we have also perhaps underestimated a bit the recession, but much closer there and i think therefore that we have been able to address that somewhat more effectively with quite accommodative policies. that being said of course we have over time as we have seen disappointments in growth and job creation, obviously as
Search Results 0 to 2 of about 3